Macro and Politics
Tacirler Investment
*TURKSTAT will release September Economic Confidence Index @ 10:00 local time. The index edged up from 96.3 in July to 97.9 in August. It’s worth noting thath the index has remained below the 100-threshold since April, indicating that sentiment regarding the overall economic outlook continues to reside in pessimistic territory. A closer look at the August sub-indices reveals a mixed picture: the Consumer Confidence Index declined by 0.9% to 84.3, while the Real Sector Confidence Index increased by 1.7% to 100.6. The Services Confidence Index rose by 1.1% to 111.1, the Retail Trade Confidence Index gained 0.8% to 108.8, whereas the Construction Confidence Index fell sharply by 4.0% to 85.3.